PPP MNAs show concern on SBP report on Pak economy

PPP lawmakers urge upon business community to come forward for the solution of this grave situation
Karachi. 26.9.2016: Pakistan People’s Party (PPP) MNAs Imran Zafar Leghari, Shahjahan Baloch and Faqeer Shair Mohammad Balalani have expressed their grave concern on skyrocketing prices of common man’s goods and on rapid decline in exports. The situation is worsening with the passage of each day but the federal government is going non-stop for borrowing money from international monetary funds, which is affecting all sections of the society.
In a statement issued by PPP Media Cell Sindh, the statistics presented by the State Bank of Pakistan (SBP) are self-explanatory. The SBP has disclosed in its recent relrease on country’s overall economic position is alarming as the Bank said the prices of goods have escalated twice as double.
The another dreadful figure as given by the SBP about government’s borrowing from the central bank that is around 800 billion is a direct and serious threat to the current account holders.
They said that contrary to federal government’s claim about strong economy, the experts on economy have totally disagreed to the federal government. In fact, the federal government has utterly failed to bring any improvement in country’s industrial output, increase in exports and opening up new venues for the employment and investment.
They urged upon the country’s business community to raise their voices against this fast deteriorating trade and economic position amid ongoing challenges that the country is passing through. The business communities should act now to boost the heavily declined exports and hundredfold multiplication in unemployment rate.
They said that the media reports about good business in stock exchanges are also contrary to ground reality and the media should also highlight the flawed policies of the federal government with a sense of national responsibility.

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